Included in the results for the first quarter of 2010 were $554,000 of
merger-related transaction costs and a $378,000 increase in the liability
for deferred directors' compensation. Net of tax, these costs reduced net
income by $559,000.

Statistical Highlights:

About Maine & Maritimes Corporation:

Maine & Maritimes Corporation (NYSE Amex: MAM) is the parent company of
Maine Public Service Company, a regulated electric transmission and
distribution utility serving approximately 36,000 electricity customer
accounts in Northern Maine. MAM is also the parent company of MAM Utility
Services Group, an unregulated corporation that provides electrical
services, including transmission line and substation design and
construction. Corporate headquarters are located in Presque Isle, Maine,
and the corporate website is www.maineandmaritimes.com.